Pepsi Bottling case vol. worldwide up 1% in Q4

EmilyChurch

LONDON (CBS.MW) -- Pepsi Bottling Group
PBG, +7.69%
posted fourth quarter net income of $69 million, or 26 cents a share vs. $57 million or 20 cents a share. The 2003 quarter included a one-time, non-cash charge of 4 cents per share related to a Canadian tax law change. PBG's physical case worldwide volume grew one percent in the quarter - flat in the U.S. and up in Europe. "The pricing environment in the U.S. remained positive," it said. On a constant territory basis, PBG's worldwide volume was flat for the full year 2003.

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